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::1973–75 recession

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      Percent Change From Preceding Period in Real Gross Domestic Product (annualized; seasonally adjusted);       Average GDP growth 1947–2009
Source: Bureau of Economic Analysis

The 1973–75 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the general post-World War II economic boom. It differed from many previous recessions as being a stagflation, where high unemployment coincided with high inflation. The period was also described as one of "malaise" (ill-ease; compare "depression").


1973–75 recession sections
Intro  United States  United Kingdom  Economic recovery   See also    References   

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CitationClass=news }}</ref>
      Percent Change From Preceding Period in Real Gross Domestic Product (annualized; seasonally adjusted);       Average GDP growth 1947–2009
Source: Bureau of Economic Analysis

The 1973–75 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the general post-World War II economic boom. It differed from many previous recessions as being a stagflation, where high unemployment coincided with high inflation. The period was also described as one of "malaise" (ill-ease; compare "depression").


1973–75 recession sections
Intro  United States  United Kingdom  Economic recovery   See also    References   

PREVIOUS: IntroNEXT: United States
<<>>